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Thursday, March 28, 2024

As If The French Did Not Have Enough Problems

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

With bond yields hitting ever-increasingly negative levels and stock prices inexorably rising on a wave of real and promised liquidity from Draghi, one could be forgiven for believing the hype about Europe’s recovery (had we not seen decades of failure for Japanese QE and 6 years for The Fed). So amid all this renewed hope, with its spiralling nationalism and warmongery – France just suffered the largest jump in joblessness in over 2 years to a new record high of 3.5898 million unemployed.

But then again – what does it matter…

Chart: Bloomberg

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